Starwood Property Trust, Inc. (NYSE:STWD) Short Interest Update

Starwood Property Trust, Inc. (NYSE:STWD) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 9,760,000 shares, a drop of 22.1% from the October 31st total of 12,530,000 shares. Based on an average daily trading volume, of 2,670,000 shares, the short-interest ratio is presently 3.7 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Altshuler Shaham Ltd bought a new position in Starwood Property Trust during the 2nd quarter worth approximately $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Starwood Property Trust in the third quarter worth approximately $34,000. Quarry LP purchased a new position in shares of Starwood Property Trust in the second quarter worth $36,000. Godsey & Gibb Inc. bought a new stake in shares of Starwood Property Trust in the third quarter worth about $41,000. Finally, GAMMA Investing LLC increased its holdings in Starwood Property Trust by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 794 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 0.6 %

Shares of NYSE STWD opened at $20.30 on Friday. The stock has a market capitalization of $6.84 billion, a P/E ratio of 17.35 and a beta of 1.70. Starwood Property Trust has a one year low of $18.43 and a one year high of $22.29. The firm’s 50 day simple moving average is $19.98 and its two-hundred day simple moving average is $19.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. As a group, analysts expect that Starwood Property Trust will post 1.89 EPS for the current fiscal year.

Analyst Ratings Changes

STWD has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. JMP Securities lowered their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. UBS Group boosted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.